25 Pfennig

Grabow, a small town on the Elde in Mecklenburg, issued Notgeld like hundreds of other German municipalities during the acute small-change shortage of 1917–1921. The Rat der Stadt — the town council — acted as issuing authority in the absence of any banking alternative, a common administrative arrangement for these municipal emergency issues. Whether this particular note circulated heavily or was absorbed early into the collector trade that grew up almost simultaneously with the issues themselves is difficult to say; Grabow was not a major industrial center, so genuine transactional demand was limited.